CARE has reaffirmed ‘A+’ ratings to Eros International Media’s Long-term Bank Facilities worth of Rs 339.33 crore, Proposed Non-Convertible Debentures worth Rs 350.00 crore which was enhanced from Rs 200.00 crore and A1+ rating to Short-term Facilities worth of Rs 1.00 crore .The credit rating agency, has also assigned ‘A1+’ rating to company’s Commercial Paper /Short term Debt worth of Rs 150.00 crore.
The ratings assigned to various debt instruments/ bank facilities of EIML continue to derive strength from the established track record of its promoters in the Indian film industry, strong distribution network, diversified library content of movie rights and favourable financial risk profile with comfortable capital structure.
Eros International Media is a part of the Eros Group., which has an extensive film library and is in the business of sourcing Indian and other film content and exploiting it worldwide through its offices in India, UK, USA, UAE, Singapore, Australia, the Isle of Man and Fiji across formats such as theatres, home entertainment, television and digital new media.
